Diabolical tax slab plot
Can someone pls explain if it was announced that tax is nil till 12.75LPA then why in tax slab table deductions are given from 4-8LPA and 8-12LPA?
Nirmala tai keeping everyone on edge ig? 😂
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Broooooo! This is simple, why so many people asking this question. New regime has been here for quite a few yrs now. It is just like you can ignore that table if your total is 12.75, but the moment your total earning becomes even 1 rupee above 12.75, you need to forget that nill tax till 12.75 and focus on table where it is 4 lakhs.
Are u sure?
Bcs this was not happening before
Explaining in easy word
Earlier: if earning below 7.75L salary no tax and then forward tax slab start coming in picture from 7.76L onwards
Next year: if earning 12.75L then no tax else new slab start coming. So if earning above 24L you will save 25K + cess. Cess calculation you can do as not a CA
Up to 12L is tax free only if it's not from capital gains. The slabs are for if it is from capital gains